ORS 706.578
Establishment of loan production office

  • notice
  • fee

(1)

An insured institution or extranational institution shall file a notice with the Director of the Department of Consumer and Business Services and pay a nonrefundable fee of $100 within 30 days after establishing a loan production office in this state. The notice must include:

(a)

The name of the insured institution or extranational institution and the address of the main office;

(b)

The name and address of the loan production office; and

(c)

The name and address of the officer of the insured institution or extranational institution who is responsible for loan production office activities.

(2)

An insured institution or extranational institution shall file a notice under subsection (1) of this section for each loan production office the insured institution or extranational institution establishes in this state.

(3)

An insured institution or extranational institution shall amend a notice the insured institution or extranational institution filed under subsection (1) of this section if a material change occurs in the information in the original notice. An amendment to a notice is not subject to a fee.

(4)

An insured institution or extranational institution shall notify the director if the insured institution or extranational institution closes a loan production office in this state, specifying the date of closure and describing how the insured institution or extranational institution will dispose of any records the insured institution or extranational institution maintained at the loan production office. A notice under this subsection is not subject to a fee. [2015 c.244 §4]

Source: Section 706.578 — Establishment of loan production office; notice; fee, https://www.­oregonlegislature.­gov/bills_laws/ors/ors706.­html (accessed May 26, 2025).

706.005
Definitions for Bank Act 706.008
Additional definitions for Bank Act 706.015
Bank Act references to federal statutes and regulations 706.500
Examination of banking institutions and non-Oregon institutions 706.515
Agreements with other bank supervisory agencies and Financial Crimes Enforcement Network 706.520
Request by directors or stockholders for examination 706.530
Annual fees paid by banking institutions and non-Oregon institutions 706.544
Costs for special examination or other actions taken 706.560
Appraisal of securities and audit 706.570
Requirement that banking institution keep books and accounts 706.575
Certificate as evidence that document is filed with director 706.578
Establishment of loan production office 706.580
Illegal, unauthorized or unsafe practices 706.600
Authority to protect creditors and depositors of banking institution or non-Oregon institution 706.610
Examiners required to report insolvency of Oregon operating institution 706.620
Records 706.630
Regular reports of condition 706.650
Delay or failure to furnish reports of condition 706.655
Records of extensions of credit by banking institutions 706.690
Transfer of stock or controlling interest 706.700
Resignation or retirement of director, president or chief executive officer 706.710
Waiver of retirement or resignation notices 706.720
Reports filed with director 706.723
Confidential documents 706.725
False statements, reports and book entries 706.730
Depositor and debtor information confidential 706.775
Enforcement of Bank Act 706.780
Notice to law enforcement officers of Bank Act violations 706.785
Attorney General to conduct actions 706.790
Rules 706.795
Rules authorizing banking institutions to exercise powers of certain financial institutions 706.815
Single account for moneys relating to supervision of Oregon operating institutions 706.980
Civil penalties 706.990
Criminal penalties

Current through early 2026

§ 706.578. Establishment of loan production office's source at oregon​.gov